Flagship explainer

What drives HEICO CORPORATION’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity17%Tax burden77%net income ÷ pretax incomeInterest burden88%pretax ÷ operating incomeOperating margin23%operating income ÷ revenueAsset turnover0.56×revenue ÷ average assetsEquity multiplier2.03×average assets ÷ average equityAs of 2025-10-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$690MFY2025
Income before tax$894MFY2025
Operating income$1.0BFY2025
$4.5BFY2025
Ending assets$8.5BFY2025
Beginning assets$7.6BFY2024
$4.3BFY2025
$3.6BFY2024
Source: · event Oct 31, 2025 · retrieved Oct 17, 2026 · annual-row source set
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